Ascend Global Investment Fund SPC - Strategic Segregated Portfolio - Mar 5, 2025 Form 4 Insider Report for 5E Advanced Materials, Inc. (FEAM)

Role
Director, 10%+ Owner
Signature
Ascend Global Investment Fund SPC for and on behalf of Strategic SP, /s/ Mulyadi Tjandra, By: Mulyadi Tjandra, Title: Director
Stock symbol
FEAM
Transactions as of
Mar 5, 2025
Transactions value $
-$45,306,230
Form type
4
Date filed
3/7/2025, 04:15 PM
Previous filing
Jan 16, 2025
Next filing
Mar 17, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FEAM Common Stock Options Exercise +6.79M +2911.84% 7.03M Mar 5, 2025 See Footnote F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FEAM Convertible Notes Options Exercise -$45.3M 0 Mar 5, 2025 Common Stock 6.79M See Footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 5, 2025, the Convertible Notes were exchanged for shares of Common Stock pursuant to an Exchange Agreement dated January 14, 2025 among the Issuer, BEP Special Situations IV LLC, Ascend Global Investment Fund SPC ("Ascend Global"), and Meridian Investments Corporation ("Meridian").
F2 All information in this Form 4 reflects the impact of the Issuer's 1-for-23 reverse stock split effected on February 14, 2025.
F3 Ascend Global is the record holder of 3,629,929 shares of Common Stock and Meridian is the record holder of 3,396,631 shares of Common Stock. Ascend Global is the sole shareholder of Meridian, and may be deemed to share beneficial ownership of the securities held of record by Meridian. Ascend Financial Holdings Limited is the sole shareholder of Ascend Capital Advisors (S) Pte. Ltd., which is the sole partner of Ascend Global. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global. By virtue of his control of Ascend Financial, Mr. Susanto may also be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global under Section 13(d) of the Securities Exchange Act of 1934 (as amended) and the rules promulgated by the U.S. Securities and Exchange Commission thereunder. Mr. Susanto disclaims beneficial ownership of the securities beneficially owned by Ascend Global.